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Gazprom and OMV sign documents on developing strategic partnership

Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the OMV Executive Board, today signed documents on the further development of the strategic partnership between the companies at the St. Petersburg International Economic Forum 2017. 

The parties signed a Memorandum of Understanding. The document outlines the principles of a potential cooperation between Gazprom and OMV in coordinating activities for the development of the gas transmission infrastructure required for providing natural gas supplies to Central and Southeastern Europe.

Also a Framework Agreement was signed to collaborate in the small-scale LNG sector. The parties intend to cooperate in a joint integrated project for a small-scale LNG production terminal in the area of the Russian Black Sea coast, the transportation, marketing and sales of the LNG production.
 

Background
OMV is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.

In 2016, Gazprom exported to Austria 6.1 billion cubic meters of gas, which is 38 percent more than in 2015 (4.4 billion cubic meters).

Background information:

OMV Aktiengesellschaft
OMV is producing and marketing oil & gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 19 bn and a workforce of around 22,500 employees in 2016, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Romania and Austria and a balanced international portfolio. 2016 daily production stood at approximately 311,000 boe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries (including Turkey) as of end of 2016. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2016, gas sales volumes amounted to 109 TWh.